Coinbase cutting 14% of workforce citing crypto market, AI
Coinbase, a Top-10 crypto exchange by volume traded), will lay off close to 700 of the company’s estimated 5,000 employee base.
Coinbase, a Top-10 crypto exchange by volume traded), will lay off close to 700 of the company’s estimated 5,000 employee base.
The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.
The salary of Coinbase President & COO Emilie Choi was $850,000, and the salary of CEO Brian Armstrong was $1 million.
Brian Armstrong, Coinbase’s Chief Executive Officer, will get up to $4 million annually in CEO Security and IT Expenses.